Loan Insurance

Loan Protection Insurance

No one wants to think about a family member dying, but we all want to make sure our family is taken care of. TruChoice helps you do that by offering loan protection insurance on most individual loans. In the event of your death, this insurance automatically repays your loan so your family doesn't have to. This insurance is subject to age and eligibility requirements, so check with your TruChoice representative for rates and details.

Guaranteed Auto Protection (GAP) Insurance

Accidents happen! GAP coverage pays the difference between the actual loan balance and the insurance settlement should your vehicle be damaged beyond repair or stolen and never recovered. GAP is inexpensive and available for new or used cars, light trucks, vans, jet skis, motorcycles, ATVs, snowmobiles, boats, travel trailers and motor homes.

Credit Life and Disability Insurance

Your unexpected disability or death can affect your household's income level and change your family's standard of living in an instant, making household financial commitments difficult to meet. By purchasing credit life and/or disability insurance, your eligible loan could be reduced or even paid off depending on the circumstances. The costs can be added to your monthly loan payment. Call or stop in for details.

Your purchase of MEMBER’S CHOICE® credit life and credit disability insurance, underwritten by CMFG Life Insurance Company is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative, or refer to the Policy Agreement for a full explanation of the terms. CDCL-0913-7331

Funds in your accounts at TruChoice are insured to at least $250,000 by the National Credit Union Administration (NCUA) and are backed by the full faith and credit of the United States Government. TruChoice provides additional share insurance covering an additional $250,000. Certain IRAs are insured up to $250,000. Copies of the NCUA brochure "Your Insured Funds" are available at each TruChoice office and are also available by mail upon request.